LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$378M |
| 2 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$252M |
| 3 |
iShares Gold Trust
IAU
|
+$227M |
| 4 |
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
|
+$226M |
| 5 |
WisdomTree Floating Rate Treasury Fund
USFR
|
+$168M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$140M |
| 2 |
iShares ESG Aware MSCI EM ETF
ESGE
|
+$140M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$116M |
| 4 |
iShares GSCI Commodity Dynamic Roll Strategy ETF
COMT
|
+$109M |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 5.66% |
| 2 | Healthcare | 3.17% |
| 3 | Financials | 3.02% |
| 4 | Consumer Discretionary | 2.48% |
| 5 | Industrials | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Invesco Dorsey Wright Energy Momentum ETF
PXI
$58.5M
| $5.74M | 0.01% |
150,227
-43,492
| -22% | -$1.93M |
|
1302
Global X S&P 500 Catholic Values ETF
CATH
$1.26B
| $5.74M | 0.01% |
124,947
+35,071
| +39% | +$1.76M |
|
|
HQH
1303
abrdn Healthcare Investors
HQH
$1.25B
| $5.74M | 0.01% |
306,836
+22,144
| +8% | +$438K |
|
1304
Essex Property Trust
ESS
$19.1B
| $5.72M | 0.01% |
21,861
+1,854
| +9% | +$561K |
|
1305
Brookfield
BN
$102B
| $5.69M | 0.01% |
237,573
+13,499
| +6% | +$361K |
|
1306
Reaves Utility Income Fund
UTG
$3.47B
| $5.68M | 0.01% |
183,286
+31,626
| +21% | +$1.04M |
|
1307
Alcoa
AA
$11.3B
| $5.67M | 0.01% |
124,362
-184,994
| -60% | -$12M |
|
1308
Globus Medical
GMED
$11.1B
| $5.66M | 0.01% |
100,803
+2,035
| +2% | +$134K |
|
1309
iMGP DBi Managed Futures Strategy ETF
DBMF
$4B
| $5.65M | 0.01% |
+174,308
| New | +$5.51M |
|
1310
Ross Stores
ROST
$80.8B
| $5.64M | 0.01% |
80,374
-4,044
| -5% | -$360K |
|
1311
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.81B
| $5.64M | 0.01% |
171,976
-28,010
| -14% | -$1M |
|
1312
Match Group
MTCH
$9.19B
| $5.61M | 0.01% |
80,521
+10,889
| +16% | +$883K |
|
|
INCE
1313
Franklin Income Equity Focus ETF
INCE
$132M
| $5.61M | 0.01% |
127,396
+61,388
| +93% | +$2.85M |
|
1314
State Street Global Allocation ETF
GAL
$300M
| $5.6M | 0.01% |
143,739
+57,575
| +67% | +$2.38M |
|
1315
FlexShares Quality Dividend Defensive Index Fund
QDEF
$545M
| $5.6M | 0.01% |
112,063
-19,894
| -15% | -$1.06M |
|
|
BSJO
1316
DELISTED
Invesco BulletShares 2024 High Yield Corporate Bond ETF
BSJO
| $5.59M | 0.01% |
256,670
+56,052
| +28% | +$1.28M |
|
|
X
1317
DELISTED
US Steel
X
| $5.59M | 0.01% |
312,114
-52,748
| -14% | -$1.44M |
|
1318
iShares Europe ETF
IEV
$1.64B
| $5.59M | 0.01% |
130,856
-8,194
| -6% | -$383K |
|
1319
Bank of Montreal
BMO
$123B
| $5.59M | 0.01% |
58,110
-3,388
| -6% | -$360K |
|
1320
iShares Global Financials ETF
IXG
$669M
| $5.57M | 0.01% |
84,692
-33,552
| -28% | -$2.43M |
|
|
IBMN
1321
DELISTED
iShares iBonds Dec 2025 Term Muni Bond ETF
IBMN
| $5.55M | 0.01% |
208,460
+57,309
| +38% | +$1.51M |
|
1322
Fidelity MSCI Real Estate Index ETF
FREL
$1.53B
| $5.54M | 0.01% |
203,880
+53,800
| +36% | +$1.6M |
|
1323
Illumina
ILMN
$29.5B
| $5.54M | 0.01% |
30,877
-2,692
| -8% | -$687K |
|
|
IFLN
1324
Invesco Bloomberg Enhanced Fallen Angels ETF
IFLN
$308M
| $5.52M | 0.01% |
327,473
+6,803
| +2% | +$120K |
|
1325
State Street SPDR S&P China ETF
GXC
$456M
| $5.51M | 0.01% |
60,028
+39,382
| +191% | +$3.36M |
|
Similar funds
LPL Financial's Q2 2022 Portfolio in Review
As of Q2 2022, LPL Financial held 4,602 positions worth $105B, down 9.5% from $116B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
LPL Financial deployed $5.93B of net new capital in Q2 2022, opening 421 new positions and adding to 2,316 existing holdings. Its largest new stake was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 6.3% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $140M trimmed.
- LPL Financial's largest Q2 2022 buy was Dimensional US Core Equity 2 ETF: 14,943,726 shares worth $348M.
- LPL Financial added most to State Street Health Care Select Sector SPDR ETF in Q2 2022, an estimated $252M increase.
- LPL Financial's biggest Q2 2022 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $140M.
- LPL Financial fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $4.43M.
- LPL Financial's ten largest holdings make up 18% of its $105B portfolio in Q2 2022.
- LPL Financial opened 421 new positions and closed 184 in Q2 2022.
- LPL Financial's portfolio value fell 9.5% quarter-over-quarter to $105B.
Based on LPL Financial's 13F filing for Q2 2022, filed 12 Aug 2022.